Contravisory Investment Management Inc. lowered its stake in The TJX Cos. (NYSE:TJX) by 4.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,002 shares of the apparel and home fashions retailer’s stock after selling 4,722 shares during the period. The TJX Cos. makes up about 2.3% of Contravisory Investment Management Inc.’s portfolio, making the stock its 15th largest position. Contravisory Investment Management Inc.’s holdings in The TJX Cos. were worth $7,254,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cacti Asset Management LLC bought a new position in shares of The TJX Cos. during the second quarter valued at $232,000. First Financial Bank N.A. Trust Division raised its position in shares of The TJX Cos. by 3.4% in the second quarter. First Financial Bank N.A. Trust Division now owns 55,468 shares of the apparel and home fashions retailer’s stock valued at $4,284,000 after buying an additional 1,808 shares during the last quarter. Fulton Bank N.A. raised its position in shares of The TJX Cos. by 3.2% in the second quarter. Fulton Bank N.A. now owns 70,734 shares of the apparel and home fashions retailer’s stock valued at $5,463,000 after buying an additional 2,198 shares during the last quarter. Lebenthal Asset Management LLC bought a new position in shares of The TJX Cos. during the first quarter valued at $950,000. Finally, Kovitz Investment Group Partners LLC bought a new position in shares of The TJX Cos. during the first quarter valued at $453,000. Institutional investors and hedge funds own 86.82% of the company’s stock.

Institutional Ownership by Quarter for The TJX Cos. (NYSE:TJX)

Shares of The TJX Cos. (NYSE:TJX) traded down 0.08% during midday trading on Monday, hitting $77.67. 4,961,472 shares of the company were exchanged. The firm has a market cap of $51.00 billion, a P/E ratio of 22.55 and a beta of 0.69. The TJX Cos. has a one year low of $65.64 and a one year high of $83.64. The company’s 50 day moving average price is $74.16 and its 200 day moving average price is $76.53.

The TJX Cos. (NYSE:TJX) last issued its quarterly earnings results on Tuesday, November 15th. The apparel and home fashions retailer reported $0.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.04. The company had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.23 billion. The TJX Cos. had a return on equity of 53.12% and a net margin of 7.00%. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.86 EPS. Equities analysts expect that The TJX Cos. will post $3.48 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 10th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Tuesday, November 8th. The TJX Cos.’s dividend payout ratio is presently 30.41%.

TJX has been the subject of a number of research analyst reports. Goldman Sachs Group Inc. reissued a “buy” rating and set a $92.00 target price on shares of The TJX Cos. in a research report on Monday, August 1st. Zacks Investment Research raised shares of The TJX Cos. from a “sell” rating to a “hold” rating in a research report on Wednesday, July 27th. BMO Capital Markets reissued an “outperform” rating and set a $85.00 target price on shares of The TJX Cos. in a research report on Thursday, August 18th. Morgan Stanley reissued a “hold” rating and set a $77.00 target price on shares of The TJX Cos. in a research report on Wednesday, August 17th. Finally, Nomura reissued a “buy” rating and set a $85.00 target price on shares of The TJX Cos. in a research report on Wednesday, August 17th. Three research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. The TJX Cos. presently has an average rating of “Buy” and an average target price of $83.64.

About The TJX Cos.

The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States are collectively the off-price retailer in the United States with a total of approximately 2,163 stores.

5 Day Chart for NYSE:TJX

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